@Srushti KhairnarHopefully you listened to the inputs on the thread and took action.

Carrying and paying off debt are not simply mathematical actions.

Your lease stating tenants are responsible for fines from their actions is definitely a good thing to have, but it’s only mitigating a part of your risk.For instance, let’s say your condo building has 100 units (made up numbers for easy math), and finds it needs to spend $1,000,000 on replacing the roof, siding, and HVAC.

All I knew was that I was tired of looking at properties for the last few years and wanting to take action, but never actually getting anywhere.

One, it would be a non-conforming duplex because we wouldn't be living in it, risking municipal action against us.

Credit score: 736, liquid assets (stocks and cash): 130,000My current plan of action to reach my end goal is to use an fha loan for a multifamily, refinance after a year of living there and turn that into a full on investment property.

Once you have the figures locked in I'm sure you'll be able to determine the best course of action.

They are close to the effort of a BRRRR (that I get infinite return) 3) they detract from the value of the existing unit by either consuming a garage, other structure, land, etc. 4) they often start off in a negative position because the value they add is below the hands off ADU addition costs.   

I am worried that if I decline the settlement offer and pursue legal action, that even if I win, my chances of actually getting the money from him are slim.I know no one can really give legal advice here, but I'd appreciate some good ol' advice just the same.

Hi Amanda, I think what it comes down to is not whether you have the right to take legal or financial action against your tenant, but rather whether or not you should.